Question

Explain the regulatory and developmental functions of Securities and Exchange Board of India.

Answer 1

(i)Regulatory Functions of SEBI

(a)Registration of brokers and sub-brokers and other players in the market.

(b)Registration of collective investment schemes and mutual funds.

(c)Regulation of takeover bids by companies.

(d)SEBI conducts enquires and audit of stock exchanges.

(ii)Development Function of SEBI

(a)Training of intermediaries of the securities market.

(b)Conducting research and publishing information useful to all market participants.

(c)Undertaking measures to develop the capital markets.